Cryptocurrency News TheBitTimes.com

EDX Markets — the crypto currency exchange backed by Charles Schwab and Citadel Securities — proceeds with Anchorage Digital as its digital asset custodian. Following its launch earlier this year, EDX Markets explained that the partnership with Anchorage Digital will allow it to settle trades through its own clearinghouse business, which is expected to become available next month, Bloomberg reported. As the crypto asset class is maturing, we are separating the role of the custodian and exchange. Customers don’t need to tie up assets parked at an entity where they aren’t sure what’s going on. EDX Markets CEO Jamil Nazarali EDX Markets’ partnership with Anchorage Digital is central to the exchange’s value proposition. The reason is that the trading platform promotes itself as non-custodial, meaning that it does not hold user funds and does not require as much user trust. You might also like: What is crypto custody? Digital asset safekeeping explained The exch...

According to a report, the German financial regulator BaFin rejected Binance’s application for a crypto currency custody license . Finance Forward, a news outlet, reported that Germany’s financial authority has chosen not to grant Binance a custody license for cryptocurrencies, citing sources familiar with the situation. The source did not clarify whether the refusal was an official decision made by the German Federal Financial Supervisory Authority (BaFin) or if it was conveyed during ongoing discussions. A spokesperson for Binance stated that while they could not disclose specific details of their interactions with authorities, they are trying to comply with the conditions set by BaFin. As anticipated, this process is complex and continuous.  You might also like: Binance withdraws license application in Austria BaFin has declined to comment on specific firms due to the strict requirements for maintaining professional confidentiality in Germany. According to...

Cryptocurrency exchange Coinbase has joined forces with Bitkey, a self-custody bitcoin wallet app from Block, to facilitate bitcoin purchases while guaranteeing control over private keys. Coinbase announced its collaboration with Bitkey, a self-custody bitcoin wallet application launched by Jack Dorsey’s Block. The partnership is aimed at enabling customers to purchase bitcoin conveniently while also retaining authority over their private keys. Coinbase is thrilled to have partnered with Bitkey, the self-custody bitcoin wallet made by Block, Inc. to grow self-custody usage. Customers can soon easily transfer new & existing bitcoin with Coinbase to their Bitkey self-custody wallet. Learn More https://t.co/L4gLTJbDlb — Coinbase ️ (@coinbase) June 15, 2023 The deal will permit Bitkey users to carry out purchase, sale, and transfer of bitcoin through Coinbase Pay on their mobile app or hardware wallet. While the platform is presently undergoing beta testing, a pub...